Yelp Inc. (NYSE:YELP) CEO Jeremy Stoppelman sold 13,000 shares of Yelp stock in a transaction dated Tuesday, October 4th. The stock was sold at an average price of $41.53, for a total value of $539,890.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Jeremy Stoppelman also recently made the following trade(s):
- On Thursday, September 29th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The stock was sold at an average price of $41.52, for a total value of $539,760.00.
- On Friday, September 23rd, Jeremy Stoppelman sold 263,000 shares of Yelp stock. The shares were sold at an average price of $40.00, for a total value of $10,520,000.00.
Shares of Yelp Inc. (NYSE:YELP) traded up 0.14% on Wednesday, hitting $42.16. 2,379,928 shares of the stock were exchanged. The company has a 50-day moving average price of $38.82 and a 200-day moving average price of $29.39. Yelp Inc. has a one year low of $14.53 and a one year high of $43.36. The firm’s market capitalization is $3.26 billion.
Yelp (NYSE:YELP) last issued its quarterly earnings data on Tuesday, August 9th. The local business review company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.08. Yelp had a negative net margin of 7.20% and a negative return on equity of 6.14%. The business had revenue of $173.40 million for the quarter, compared to analyst estimates of $169.82 million. During the same period last year, the business posted $0.12 earnings per share. The firm’s quarterly revenue was up 29.5% on a year-over-year basis. Equities research analysts expect that Yelp Inc. will post ($0.19) earnings per share for the current year.
Several large investors have recently modified their holdings of the company. Emerald Acquisition Ltd. bought a new stake in shares of Yelp during the second quarter worth approximately $112,000. Legal & General Group Plc raised its stake in shares of Yelp by 62.0% in the second quarter. Legal & General Group Plc now owns 5,742 shares of the local business review company’s stock worth $174,000 after buying an additional 2,197 shares during the last quarter. IBM Retirement Fund bought a new stake in shares of Yelp during the second quarter worth approximately $209,000. Private Advisor Group LLC bought a new stake in shares of Yelp during the second quarter worth approximately $231,000. Finally, Concourse Capital Management LLC bought a new stake in shares of Yelp during the second quarter worth approximately $278,000. Institutional investors and hedge funds own 74.90% of the company’s stock.
Several analysts recently weighed in on YELP shares. Cantor Fitzgerald reissued a “buy” rating and issued a $42.00 price objective on shares of Yelp in a report on Tuesday, September 27th. Vetr raised Yelp from a “hold” rating to a “buy” rating and set a $40.05 price objective for the company in a report on Monday, September 12th. Needham & Company LLC boosted their price objective on Yelp from $34.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, August 10th. Jefferies Group reissued a “buy” rating on shares of Yelp in a report on Monday, July 11th. Finally, Raymond James Financial Inc. raised Yelp from a “market perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a report on Wednesday, August 10th. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $35.61.
Yelp Inc (Yelp) connects people with local businesses by bringing word of mouth online and providing a platform for businesses and consumers to engage and transact. The Company provides local business review sites. Yelp provides a platform for consumers to share their everyday local business experiences, through reviews, tips, photos and videos, and engages directly with businesses, through reviews, phone calls and its Message the Business feature.
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